Snowden Capital Advisors LLC Sells 6,027 Shares of British American Tobacco p.l.c. (NYSE:BTI)

Snowden Capital Advisors LLC trimmed its holdings in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 41.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,516 shares of the company's stock after selling 6,027 shares during the quarter. Snowden Capital Advisors LLC's holdings in British American Tobacco were worth $316,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. SRS Capital Advisors Inc. lifted its stake in British American Tobacco by 294.9% during the fourth quarter. SRS Capital Advisors Inc. now owns 703 shares of the company's stock worth $26,000 after purchasing an additional 525 shares during the period. Kohmann Bosshard Financial Services LLC bought a new stake in shares of British American Tobacco during the 4th quarter valued at $27,000. Cullen Frost Bankers Inc. grew its holdings in shares of British American Tobacco by 334.4% in the 4th quarter. Cullen Frost Bankers Inc. now owns 1,099 shares of the company's stock valued at $40,000 after buying an additional 846 shares during the period. Duncker Streett & Co. Inc. grew its holdings in shares of British American Tobacco by 43.1% in the 4th quarter. Duncker Streett & Co. Inc. now owns 1,242 shares of the company's stock valued at $45,000 after buying an additional 374 shares during the period. Finally, CoreFirst Bank & Trust acquired a new position in British American Tobacco in the 4th quarter worth $47,000. 16.16% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

BTI has been the subject of several recent analyst reports. Wall Street Zen upgraded shares of British American Tobacco from a "hold" rating to a "buy" rating in a research note on Monday, February 17th. Bank of America began coverage on shares of British American Tobacco in a research note on Wednesday, April 30th. They issued a "buy" rating on the stock. Finally, UBS Group raised shares of British American Tobacco from a "neutral" rating to a "buy" rating in a research note on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $33.00.

British American Tobacco Price Performance

NYSE BTI traded up $0.13 during trading hours on Tuesday, reaching $45.35. 3,998,065 shares of the stock traded hands, compared to its average volume of 4,955,422. The company has a market cap of $93.75 billion, a price-to-earnings ratio of 9.31 and a beta of 0.32. The stock has a 50 day simple moving average of $42.04 and a two-hundred day simple moving average of $39.49. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.76 and a quick ratio of 0.58. British American Tobacco p.l.c. has a 1 year low of $30.01 and a 1 year high of $45.66.

About British American Tobacco

British American Tobacco p.l.c. engages in the provision of tobacco and nicotine products to consumers worldwide. It also offers vapour, heated, and modern oral nicotine products; combustible cigarettes; and traditional oral products, such as snus and moist snuff. The company offers its products under the Vuse, glo, Velo, Grizzly, Kodiak, Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Camel, Natural American Spirit, Newport, Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, State Express 555 and Shuang Xi brands.